Cheaper 2008 Mitsubishi Lancer Evolution Car Insurance Cost

Trying to find the cheapest car insurance rates for your Mitsubishi Lancer Evolution? Are you burned out from not being able to afford to make your car insurance payment? You have the same problem as many other drivers.

Because there are so many insurance providers from which to choose, it is very difficult to find a more affordable car insurance provider.

It’s smart to get comparison quotes before your next renewal because car insurance prices change quite often. Even if you think you had the best deal for Lancer Evolution insurance six months ago other companies may now be cheaper. Block out anything you think you know about car insurance because you’re about to learn how to quote online to find great coverage at a great price.

This article will introduce you to how to get online quotes and some money-saving tips. If you currently have a car insurance policy, you should be able to reduce your rates substantially using this information. But drivers do need to understand how insurance companies sell insurance online because it can help you find the best coverage.

Save with these money-saving discounts

Car insurance can cost a lot, but you may qualify for discounts that many consumers don’t even know exist. A few discounts will automatically apply when you complete an application, but less common discounts must be manually applied before you get the savings.

  • Multiple Cars – Insuring multiple cars or trucks on one policy may reduce the rate for each vehicle.
  • Student Driver Training – Require your teen driver to take driver’s ed class if offered at their school.
  • Multi-line Discount – If the company offers life insurance, you could get a small discount if you purchase some life insurance in addition to your auto policy.
  • Memberships – Participating in a civic or occupational organization could qualify you for a break when shopping for insurance.
  • No Claim Discounts – Drivers who stay claim-free can earn big discounts when compared with accident-prone drivers.

It’s important to note that some of the credits will not apply the the whole policy. Some only reduce specific coverage prices like medical payments or collision. Just because you may think all the discounts add up to a free policy, you’re out of luck.

Popular insurance companies and some of their more popular discounts include:

  • State Farm discounts include student away at school, passive restraint, multiple policy, driver’s education, Drive Safe & Save, and good driver.
  • Farmers Insurance has discounts for electronic funds transfer, teen driver, multi-car, mature driver, early shopping, and youthful driver.
  • Geico has savings for driver training, emergency military deployment, federal employee, membership and employees, and daytime running lights.
  • American Family may have discounts that include bundled insurance, TimeAway discount, accident-free, air bags, and good driver.
  • Nationwide offers premium reductions for Farm Bureau membership, good student, multi-policy, accident-free, and family plan.
  • Progressive may offer discounts for multi-policy, good student, online signing, continuous coverage, and multi-vehicle.

When getting a coverage quote, ask each insurance company how you can save money. Some discounts may not apply in your area. For a list of insurance companies who offer online insurance quotes, click this link.

What determines Mitsubishi Lancer Evolution insurance premiums?

The best way to find cheaper insurance coverage is to take a look at some of the elements that aid in calculating the rates you pay for insurance coverage. If you have a feel for what impacts premium levels, this allows you to make good choices that will entitle you to better insurance coverage rates.

  • Certain vocations raise insurance coverage rates – Did you know your occupation can influence how much you pay for insurance coverage? Occupations like fire fighterspolice officers and miners tend to pay higher rates than average due to high stress levels and long work hours. Other jobs like professors, historians and performers pay the least for Lancer Evolution insurance.
  • Insure your auto and home with one company – The majority of insurance coverage companies allow a discount to buyers who consolidate policies with them in the form of a multi-policy discount. Even though this discount sounds good, you may still want to get quotes from other companies to help ensure you have the lowest rates. Drivers may still save even more by splitting coverages up.
  • The higher your credit score the lower your rates – Having a bad credit history is a big factor in your rate calculation. If your credit history can use some improvement, you could save money insuring your 2008 Mitsubishi Lancer Evolution if you clean up your credit. Consumers who have excellent credit tend to file fewer claims and have better driving records than those with lower ratings.
  • Low comp and collision deductibles can be expensive – The deductibles you choose define the amount you are willing to pay if you file a covered claim. Insurance for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. Some examples of claims that would be covered would be a windshield broken by a bird, damage caused by hail, and damage from wind. The more damage repair cost the insured has to pay upfront, the better rate you will receive for Lancer Evolution insurance.
  • Choose high crash test ratings and save – Vehicles with high crash test scores get lower rates. Safe vehicles have better occupant injury protection and better occupant protection means lower claim amounts and lower rates for you. If your Mitsubishi Lancer Evolution is rated at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it may be receiving lower rates.
  • Your liability insurance limits – A critical coverage on your policy, liability insurance provides coverage in the event that you are ruled to be at fault for personal injury or accident damage. Your policy’s liability insurance provides legal defense coverage to defend your case. Liability insurance is quite affordable as compared to coverage for physical damage, so drivers should buy more than the minimum limits required by law.
  • The more you drive the more you pay – The higher the miles on your Mitsubishi in a year’s time the more it will cost to insure it. Almost all companies charge to insure your cars based upon how much you drive. Cars left parked in the garage receive lower rates than those used for commuting. Having the wrong rating on your Lancer Evolution may be wasting your money. Ask your agent if your insurance coverage policy reflects how each vehicle is driven, because improper ratings can cost you money.

Do I need special coverages?

When choosing coverage for your vehicles, there isn’t really a best way to insure your cars. Every insured’s situation is different so this has to be addressed. These are some specific questions might help in determining whether you could use an agent’s help.

  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • I don’t drive much so do I pay less?
  • Is a new car covered when I drive it off the dealer lot?
  • Do I need to file an SR-22 for a DUI in my state?
  • What can I do if my company won’t pay a claim?
  • Exactly who is provided coverage by my policy?
  • What if I don’t agree with a claim settlement offer?
  • Can I afford to buy a different vehicle if my 2008 Mitsubishi Lancer Evolution is totaled?
  • Should I rate my 2008 Mitsubishi Lancer Evolution as pleasure use or commute?

If you’re not sure about those questions but a few of them apply, you may need to chat with an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies.

Big names are not always cheapest

Insurance providers like State Farm, Geico and Progressive constantly bombard you with ads on TV and radio. All the companies advertise the message about savings if you get a free auto insurance quote and switch your coverage. Is it even possible that every company can make almost identical claims? Here is the trick they use.

All companies have specific criteria for a prospective insured that will be a good risk. For example, a preferred risk may be between the ages of 30 and 50, has had continuous coverage, and has excellent credit. Someone who meets those qualifications will get very good prices and will cut their rates if they switch.

Potential customers who don’t meet this stringent profile will be charged a higher premium and this results in the customer buying from a different company. Company advertisements say “people that switch” but not “everyone who gets a quote” will save that much if they switch. That’s why companies can make the claims of big savings.

Because of these techniques, drivers should compare as many free auto insurance quotes as you can. Because you cannot predict which insurance companies will fit you best based on your risk profile.

Specifics of your auto insurance policy

Having a good grasp of your auto insurance policy helps when choosing the best coverages at the best deductibles and correct limits. The terms used in a policy can be confusing and nobody wants to actually read their policy. Shown next are the normal coverages available from auto insurance companies.

Liability coverage

This coverage can cover damage that occurs to people or other property that is your fault. This insurance protects YOU from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 50/100/50 which means a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Some companies may use a combined single limit or CSL which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage pays for claims such as structural damage, attorney fees and repair bills for other people’s vehicles. How much liability coverage do you need? That is your choice, but consider buying as much as you can afford.

Uninsured or underinsured coverage

This provides protection from other drivers when they do not carry enough liability coverage. This coverage pays for injuries to you and your family and damage to your Mitsubishi Lancer Evolution.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea. Usually these coverages do not exceed the liability coverage limits.

Collision protection

Collision insurance covers damage to your Lancer Evolution caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like backing into a parked car, damaging your car on a curb, rolling your car, colliding with another moving vehicle and scraping a guard rail. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses for dental work, prosthetic devices, EMT expenses, nursing services and chiropractic care. They can be utilized in addition to your health insurance policy or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Comprehensive protection

Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as vandalism, fire damage, a tree branch falling on your vehicle and rock chips in glass. The maximum payout your auto insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Smart consumers save more

When getting auto insurance quotes online, make sure you don’t skimp on coverage in order to save money. There are too many instances where consumers will sacrifice comprehensive coverage or liability limits and learned later that the savings was not a smart move. Your focus should be to buy enough coverage at the lowest possible cost, but do not skimp to save money.

Discount 2008 Mitsubishi Lancer Evolution insurance can be bought from both online companies and from local agencies, so get free auto insurance quotes from both of them to have the best rate selection. Some companies don’t offer the ability to get quotes online and usually these regional insurance providers provide coverage only through independent agents.

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