Cheap 2004 Mitsubishi Lancer Evolution Insurance Rates

Trying to find better insurance rates for your Mitsubishi Lancer Evolution? Searching for better insurance prices for a new or used Mitsubishi Lancer Evolution can turn out to be an all-consuming task, but you can learn our insurance buying tips to save time.

There are more efficient ways to shop for insurance so we’re going to tell you the best way to get price quotes for your Mitsubishi and locate the lowest price from both online companies and local agents.

It’s important to quote other rates quite often because prices change quite often. Despite the fact that you may have had the best price on Lancer Evolution coverage at your last renewal the chances are good that you can find a lower rate quote today. Ignore everything you know about insurance because it’s time to teach you the tricks you need to know to find lower rates on insurance.

Pricing the lowest cost protection can be fairly easy. If you have a current insurance policy or are shopping for new coverage, you will benefit by learning to cut your premiums and still get good coverage. Vehicle owners just need to know the most efficient way to get comparison rates online.

Where can I get affordable auto insurance?

Comparing auto insurance rates can be exhausting if you don’t utilize the most efficient way to do it. You can spend your afternoon talking to local insurance agents in your area, or you can utilize online quotes to quickly compare rates.

Many companies participate in a marketplace where insurance shoppers complete one form, and each company returns a rated price for coverage. This eliminates the need for form submissions for each company you want a rate for.

To compare rates now click here to start a free quote.

The only drawback to using this type of form is that consumers can’t choose which providers you want to price. So if you prefer to choose specific insurance companies for rate comparison, we have a listing of companies who write auto insurance in your area. Click here for list of insurance companies.

It’s up to you how you get prices quotes, just make sure you use identical coverages and limits with every price quote. If your comparisons have different liability limits then you won’t be able to decipher which rate is best.

These discounts can slash insurance coverage rates

Car insurance companies don’t always list every available discount very clearly, so the list below contains a few of the more common and the more hidden savings tricks you should be using when you buy auto insurance online.

  • Life Insurance – Not every insurance company offers life insurance, but if they do you may earn lower insurance coveragerates if you buy auto and life insurance together.
  • Accident Forgiveness – Not really a discount, but some companies like Progressive, State Farm and Geico may permit one accident before they charge you more for coverage so long as you haven’t had any claims prior to being involved in the accident.
  • Drivers Ed for Students – Reduce the cost of insurance for teen drivers by having them enroll in driver’s education as it will make them better drivers and lower rates.
  • Theft Deterent System – Vehicles that have factory alarm systems and tracking devices can help prevent theft and qualify for as much as a 10% discount.
  • Seat Belts Save – Using a seat belt and requiring all passengers to use a seat belt can save up to 15% off the personal injury premium cost.
  • Discount for Passive Restraints – Cars that have air bags or motorized seat belts may get savings up to 30%.
  • Save with More Vehicles Insured – Insuring multiple vehicles with the same insurance coverage company could earn a price break for each car.
  • Smart Student Discounts – Getting good grades can be rewarded with saving of up to 25%. Many companies even apply the discount to college students up until you turn 25.
  • Defensive Driving Course – Successfully completing a course in driver safety could possibly earn you a 5% discount if your company offers it.
  • Drive Safe and Save – Insureds without accidents may save up to 50% more on Lancer Evolution coverage compared to accident prone drivers.

Don’t be surprised that some of the credits will not apply to your bottom line cost. Some only reduce the cost of specific coverages such as physical damage coverage or medical payments. So despite the fact that it appears all those discounts means the company will pay you, that’s just not realistic.

Large insurance coverage companies and their possible discounts can be found below.

  • Travelers may offer discounts for student away at school, payment discounts, home ownership, multi-car, and good student.
  • 21st Century discounts include automatic seat belts, good student, air bags, 55 and older, and student driver.
  • State Farm may have discounts that include good driver, Drive Safe & Save, good student, defensive driving training, and passive restraint.
  • Geico includes discounts for anti-lock brakes, multi-vehicle, anti-theft, seat belt use, and five-year accident-free.
  • SAFECO may include discounts for safe driver, bundle discounts, drive less, anti-theft, and accident prevention training.
  • AAA offers discounts including education and occupation, anti-theft, pay-in-full, multi-policy, good student, and good driver.

When comparing rates, check with every insurance company which discounts you may be entitled to. Depending on the company, some discounts might not apply in your state. To see a list of providers who offer discounts, click here to view.

The Mitsubishi Lancer Evolution insurance price equation

Many different elements are taken into consideration when you quote your car insurance policy. Most are fairly basic like an MVR report, although others are not quite as obvious such as whether you are married or your financial responsibility.The best way to find cheaper insurance coverage is to take a look at some of the elements that help determine insurance coverage rates. When consumers understand what determines premiums, this allows you to make good choices that may reward you with cheaper rates.

Shown below are just a few of the factors companies use to determine your rates.

  • Adjust comp and collision deductibles and save – Deductibles for physical damage define how much the insured will be required to pay in the event of a claim. Coverage for physical damage, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. Examples of some claims that would be covered are a windshield broken by a bird, hail damage, and having a roll-over accident. The more expense you pay before a claim is paid (deductible), the lower your rates will be on Lancer Evolution coverage.
  • Annual miles is a factor – The higher the mileage driven in a year the more it will cost to insure it. The majority of insurers charge to insure your cars based on how the vehicle is used. Cars and trucks used primarily for pleasure use can be on a lower rate level than those that get driven frequently. Make sure your policy reflects how each vehicle is driven, because improper ratings can cost you money. Incorrect rating for your Lancer Evolution can cost quite a bit.
  • Big cities have higher premiums – Being located in smaller towns and rural areas of the country has it’s advantages when shopping for auto insurance. Residents of big cities have more road rage incidents and longer commutes to work. Fewer people means a lower chance of having an accident in addition to lower liability claims
  • Single vs. married – Having a significant other can actually save you money on your insurance coverage bill. Having a spouse means you’re more mature than a single person and insurance companies like that married couples file fewer claims.
  • Advanced alarm systems – Driving a car with a theft deterrent system can save you some money. Systems that thwart theives like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all hinder vehicle theft.
  • Safety ratings are a factor – Cars with high safety ratings tend to be cheaper to insure. The safest vehicles result in less severe injuries and fewer serious injuries means your insurance company pays less which can result in lower premiums. If your Mitsubishi Lancer Evolution is rated at a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website it may be receiving lower rates.
  • Occupation stress can make you pay more – Careers such as lawyerspolice officers and dentists have higher premiums than the average policyholder due to high stress levels and lots of time spent at work. On the flip side, occupations such as actors, engineers and the unemployed get better rates on Lancer Evolution coverage.
  • Never allow your policy to lapse – Letting your insurance expire is a guaranteed way to bump up your insurance coverage costs. Not only will you pay higher rates, getting caught without coverage may earn you a revoked license or a big fine.

When do I need an agent’s advice?

When it comes to buying coverage, there is no “perfect” insurance plan. Your needs are not the same as everyone else’s.

Here are some questions about coverages that may help you determine whether you might need professional guidance.

  • Should I sign the liability waiver when renting a car?
  • Why do I need rental car insurance?
  • What can I do if my company won’t pay a claim?
  • Is my Mitsubishi Lancer Evolution covered if I use it for business?
  • Should I drop comprehensive coverage on older vehicles?
  • What discounts do I qualify for?
  • Is pleasure use cheaper than using my 2004 Mitsubishi Lancer Evolution to commute?
  • Why am I required to get a high-risk car insurance policy?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?

If you don’t know the answers to these questions, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form. It’s fast, doesn’t cost anything and you can get the answers you need.

What car insurance coverages do you need?

Having a good grasp of car insurance aids in choosing the best coverages at the best deductibles and correct limits. Car insurance terms can be difficult to understand and nobody wants to actually read their policy.

Comprehensive or Other Than Collision

Comprehensive insurance will pay to fix damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for claims like vandalism, fire damage, damage from getting keyed, hitting a bird and damage from flooding. The maximum payout you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Auto liability insurance

Liability insurance can cover damages or injuries you inflict on other people or property. This coverage protects you from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 25/50/25 which means a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Occasionally you may see a combined limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage protects against things such as structural damage, court costs, funeral expenses, loss of income and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a personal decision, but you should buy as high a limit as you can afford.

Medical costs insurance

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses like funeral costs, dental work, pain medications, doctor visits and ambulance fees. The coverages can be utilized in addition to your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants as well as getting struck while a pedestrian. PIP is not available in all states and may carry a deductible

UM/UIM Coverage

This coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries and also any damage incurred to your Mitsubishi Lancer Evolution.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Frequently these limits are set the same as your liablity limits.

Coverage for collisions

This coverage covers damage to your Lancer Evolution resulting from colliding with an object or car. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for claims like crashing into a building, driving through your garage door, colliding with another moving vehicle, scraping a guard rail and sustaining damage from a pot hole. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Better coverage you can count on

When searching for cheap auto insurance quotes, never skimp on coverage in order to save money. There are many occasions where someone sacrificed comprehensive coverage or liability limits only to find out they didn’t have enough coverage. The aim is to buy a smart amount of coverage for the lowest price while still protecting your assets.

Consumers change insurance companies for many reasons like an unsatisfactory settlement offer, policy cancellation, poor customer service or even delays in paying claims. Regardless of your reason for switching companies, finding a new insurance coverage company is not as difficult as it may seem.

Cheaper 2004 Mitsubishi Lancer Evolution insurance can be found both online and also from your neighborhood agents, and you need to price shop both so you have a total pricing picture. There are still a few companies who may not offer online rate quotes and these smaller companies prefer to sell through independent insurance agencies.

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